Elliott Wave Update ~ 8 Oct 2024

If we achieve another new all-time SPX high, we will have had enough subwaves to complete the massive 5 wave structure since the 2022 low. It does not mean this is the finished structure, it’s that the minimum has been met. And this has been many months in waiting. It is one reason for so few posts, the market has been fairly boring, and we had to have patience to let the structure play out. As so it has.

The NASDAQ Composite has been lagging. The DJIA has about the same count as the SPX.